Pets at Home Group’s (PETS) Buy Rating Reaffirmed at Shore Capital

Shore Capital reissued their buy rating on shares of Pets at Home Group (LON:PETS) in a research report sent to investors on Tuesday.

Several other research firms have also recently weighed in on PETS. Liberum Capital reissued a sell rating and issued a GBX 145 ($1.97) price target on shares of Pets at Home Group in a report on Monday, November 20th. Stifel Nicolaus reissued a hold rating and issued a GBX 172 ($2.33) price target on shares of Pets at Home Group in a report on Thursday, November 30th. Numis Securities reissued a buy rating and issued a GBX 200 ($2.71) price target on shares of Pets at Home Group in a report on Tuesday, November 28th. Finally, Beaufort Securities reissued a buy rating on shares of Pets at Home Group in a report on Wednesday, November 29th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus target price of GBX 186.50 ($2.53).

Shares of Pets at Home Group (LON PETS) traded down GBX 7.70 ($0.10) during trading hours on Tuesday, reaching GBX 185.10 ($2.51). 2,157,345 shares of the company traded hands, compared to its average volume of 1,140,000. Pets at Home Group has a twelve month low of GBX 154.10 ($2.09) and a twelve month high of GBX 221.70 ($3.01). The firm has a market cap of $945.50 and a P/E ratio of 1,322.14.

Pets at Home Group (LON:PETS) last released its quarterly earnings results on Tuesday, November 28th. The company reported GBX 6.70 ($0.09) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of GBX 6.60 ($0.09) by GBX 0.10 ($0.00). The firm had revenue of £468.01 million for the quarter. Pets at Home Group had a net margin of 6.95% and a return on equity of 6.84%.

The firm also recently announced a dividend, which was paid on Friday, January 12th. Stockholders of record on Thursday, December 7th were issued a dividend of GBX 2.50 ($0.03) per share. The ex-dividend date was Thursday, December 7th. This represents a dividend yield of 1.49%.

In other Pets at Home Group news, insider Sharon Flood bought 10,157 shares of the stock in a transaction dated Monday, December 4th. The shares were bought at an average cost of GBX 167 ($2.26) per share, with a total value of £16,962.19 ($23,002.70).

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About Pets at Home Group

Pets at Home Group Plc is a United Kingdom-based holding company. The Company is a retailer of pet food, pet products and pet-related services. The Company is also the operator of an animal veterinary business and pet grooming salons and the multi-channel equestrian retailer, Ride-away. The Company has a format, dog focused high street store called Barkers, which offers premium products and services targeted at highly engaged dog owners.

Analyst Recommendations for Pets at Home Group (LON:PETS)

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